Hi zeb, my guess is that this guy wants to 'sell' you some financial advice.

As far as the removal of cash is concerned, my guess on that statement, is that this "adviser" is talking about what some call the 'cashless revolution.'

That is instead of leaving home with a wallet with some notes in it, you just leave home with your smart phone, and that will have an app with access to some form of monetary value (likely credit or debit cards and you will pay for any purchases of goods/services with a wave of your smart phone.

Its supposed to be the coming BIG thing, and will get governments out of the onerous printing of millions of notes.

Its also said to be a growing trend in India, where the Indian goverrnment recently botched a currency change and left the nation with a shortage of cash. See this CNN report that covers India's hassles:

And me, I'm planning on hanging on to my paper money as long as I can. I am innately suspicious of the technology, given the difficulties I've had with computer viruses. (grin)

So in regard to the question in your post:

Quote: "Now if this is half way correct where does it leave the money machine of the WT?"

If the concept of a cashless society takes off, I think the WTS will welcome it, wave your smart phone over the contribs box and your donation will go straight into their bank account, no more having to count the donations, and no worries about sticky fingers or security. No doubt YHWH and his JESUS sidelick are busy organising the whole deal.

I'm uncertain this relates precisely to the situation highlighted above; however, in the last month I have received two emails, each ostensibly from two different US-based financial institutions. Each bank informed me of several thousand dollars held in "your account." I was asked to provide required information in order to have funds transferred.

Smartphone Apple Pay is great and very convenient. It's connected to a bank or brokerage firm of your choice and you just click on your screen. No problems in past 3 yrs and I don't have to carry any credit cards around.